ETHUSD Saw a bit of a break on the 1H Time frame. With 1H SMA 200, and 100 Holding at healthy consolidation, it brings the 2H Into view. Will the break see follow through?
This Descending Channel has indicated stiff sell response recently (since Jan. 14th, seen in an analysis my other posts linked below). However, this break did see an uptick in volume, and Moving Averages seem to be providing support so far. ETH Bulls look to have a small bend in the Descending Channel presently, but will it break?
On the Upside:
$110 is providing stiff resistance
The 2 hour 200 SMA sits around $113 area and the 100 SMA perched under at $108
VPVR showing a lot of price action around $115 and a good deal of resistance
Bearish Volume is declining seen on the 1H Time Frame